Watch this space. Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below, or visit Strategic Guidance for Country System Assessments, Guidance for Countries in Assessing ERC Projects, or Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.
Find a full outline to sections found in the Mobilizing ERC Finance Section.
UNLOCKING GLOBAL EMISSION REDUCTION CREDIT (Main Landing Page)
Chapter 1 - Introduction to Emission Reduction Credits
- The World Bank's Emission Reduction Program
- Emission Reduction Credits
- Classification of Emissions Reduction Credit
- Policy Context of Emissions Reduction Credit
Chapter 2 - Financing ERC Generation
Chapter 3 - Key Enablers of ERC Finance
- Credit Risk in ERC Finance Transactions
- ERC Activity Risk
- Market Risk for ERCs
- Political Risk for ERC Activities
Chapter 4 - Scaling Finance for ERC Generation
- Key Findings to Scale Up Private Sector Capital for ERC Activities
- Expand ERC-backed Debt Issuance
- Aggregate ERC Activities
- Establish an ERC Club
Abbreviations: ERC Finance Working Group Report
List of Figures
Figure 1. Types of carbon crediting mechanisms (supply) and market segments (demand)
Figure 3. Annual ERC trade by value and volume
Figure 4. Annual ERC issuance by crediting mechanism type
Figure 6. Types of ERC linkage.
Figure 7 Example of Emission Reduction-Linked Bond from Vietnam.
Figure 8. Financing structure of Foresight Sustainable Forestry.
Figure 9. Financial structure of Livelihoods Carbon Fund 3.
Figure 10. Key ERC-related risks for financiers.
Figure 11. Representation of carbon rights and example jurisdictions.
Figure 12. Representation of legal nature of ERCs and example jurisdictions.
Figure 13. Conceptual model of an ERC-backed debt structure.
Figure 14. Illustration of an indicative ERC-linked aggregation facility structure.
Figure 15. Illustration of potential variations of an ERC club.
List of Tables
Table 1. Key ERC-related terms
Table 2. Summary of spotlighted enablers of ERC financing the types of risk they address.
Table 3. Cumulative sovereign thematic bond (and sukuk) issuance in EAP region.
Research and Publications
This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.